Commodities Minister Bernard Dompok was cited by state news agency Bernama as saying low stocks in the second largest palm oil producer in the world would further boost benchmark Malaysian prices
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Friday, August 14, 2009
Breaking News-RTRS-Malaysian palm stocks may hit 4-month low -minister
KUALA LUMPUR, Aug 14 (Reuters) - Malaysian palm oil stocks are likely to stay flat at 1.35 million tonnes in August, hitting a four-month low, as demand rises and output falters on drier weather brought by El Nino, a minister said on Friday.
Commodities Minister Bernard Dompok was cited by state news agency Bernama as saying low stocks in the second largest palm oil producer in the world would further boost benchmark Malaysian prices, which are up 43 percent so far this year.
Commodities Minister Bernard Dompok was cited by state news agency Bernama as saying low stocks in the second largest palm oil producer in the world would further boost benchmark Malaysian prices